559: Chapter 559 The private equity fund enters its closed period! And the relationship with the engineering department isn't good either!

Xiong Tianze said softly: "Boss, Nvidia has been rising for a while recently!"

"I have been paying attention to it!"

Seeing Su Yang say this, Xiong Tianze didn't say anything more.

"Have you contacted the brokerage firm?"

Xiong Tianze nodded: "The total return swap channel has been opened!"

Domestic RMB private equity products invest in us stocks through brokerage total return swaps. Essentially, this involves collateralizing RMB to borrow USD to invest in us stocks. Currently, the spread between the two sides reported by brokerage firms to many private equity companies is 4%.

The comprehensive cost for private equity companies to hold us stocks through total return swaps reaches 6%!

In other words, when Su Yang decided to invest in us stocks, the company was already at a loss...

However, there was no other way; those few brokerage firms were running a monopoly business.

This kind of fee completely exceeds that of US dollar funds where private equity companies invest directly in us stocks.

Considering the double dividend tax on certain channels, as well as the value-added tax charged on private equity, it is quite unfavorable to the profitability of private equity companies. Therefore, at this stage, many private equity companies are already focusing on developing US dollar funds.

However, Yuanshi Private Equity has just started and doesn't have that much capability yet.

Many financial licenses are not yet in place; it needs to be done step by step.

Su Yang thought for a moment and said: "Invest all the remaining 327 million. 200% leverage should be 5% margin, right?"

Actually, he wanted to use ten times leverage, but it wasn't legal right now!

"Yes!"

"Then once the US stock market opens, you can buy directly!" Su Yang looked at Pei Jiaqi and said, "You arrange this!"

Pei Jiaqi is the fund manager of yuanshi wealth no. 1, so it is better for her to execute the orders!

"Okay, Boss!" Pei Jiaqi pursed her lips, feeling quite a bit of pressure, "What about the buying decision? How should we buy?"

"Buy everything within three days!" Su Yang thought for a moment and said, "Let the traders go long on Nvidia for the next period. I will consider giving everyone a bonus for returns that exceed the stock's appreciation... The management will also get some!"

Seriously speaking, over 300 million RMB plus double leverage is over 600 million.

It's nearly 90 million USD!

When it comes to building a position, Su Yang still prefers to be a bit more aggressive.

Anyway, Nvidia is about to break through a market value of one trillion USD, so putting in 100 million USD shouldn't be a problem!

Some private equity funds might take a year to lay out a position for a single stock.

Su Yang definitely couldn't wait; if he waited a year, the opportunity would be gone!

Excellent traders can earn extra returns during the stock's rise by buying low and selling high. Su Yang is naturally willing to reward them with a portion of this profit.

This is indeed earned through their skills!

Pei Jiaqi clenched her right fist, took a deep breath, and said: "Okay!"

It was audible that Pei Jiaqi's voice was trembling slightly.

This amount of capital was still a bit too large for her!

She used to just be a researcher at a securities firm; when had she ever controlled such a large amount of capital?

Even if it was only nominally under her name!

Su Yang leaned back in his chair, looked at Pei Jiaqi, and smiled: "Little Pei, don't be so nervous!"

"You have to know that this private equity fund was either raised by my subsidiary, bought by my company's employees, or invested by my friends and partners. If there's a huge loss, I should be the one who feels the most heartache!"

"Even if the fund loses money, you don't need to bear any responsibility!"

Pei Jiaqi nodded: "Mm!"

Su Yang smiled: "As long as you follow my requirements, I won't blame you... I can still afford to lose!"

"Mm!"

After the boss's reassurance, Pei Jiaqi finally felt more at ease.

She even gave the boss a sweet smile!

Zhou Chenghong glanced at Pei Jiaqi, swallowed, and looked at the other management members.

Seeing that they didn't speak, he lowered his head.

There were some things that if the management didn't say, and the boss didn't say, it wasn't his place to say!

If the private equity fund suffered a serious loss, Pei Jiaqi indeed wouldn't have to bear legal responsibility.

However, her future might become bleak!

But then he thought again, Pei Jiaqi had no other choice right now.

And Pei Jiaqi was still young; even if she lost once, with the boss's support, she would still have a chance to turn things around.

In fact, she was much luckier than most young people working in the financial industry right now!

After finishing this topic, Su Yang asked Xiong Tianze to try applying for the Hong Kong Type 9 license.

The Type 9 license issued by the Hong Kong Securities and Futures Commission is a qualification license that allows for asset management business in Hong Kong. As one of the important markets for mainland institutions to go global, the Type 9 license has always been an important way for domestic private equity firms to layout in the overseas market.

Yuanshi Private Equity had only been established for a short time, so the application difficulty was relatively high.

But Su Yang felt that getting the company prepared in advance would definitely not be a problem!

After the meeting ended, Su Yang talked to Wu Meihua.

In the entire Yuanshi Private Equity, the person with the highest loyalty to Su Yang at this stage was the Vice President, Wu Meihua.

She was originally from Jufan Holdings, so she could be considered Su Yang's half-direct subordinate!

Su Yang learned about the internal operations of the company and also asked Wu Meihua to keep an eye on Pei Jiaqi to see if she was executing according to his orders. Wu Meihua, of course, agreed to everything!

Three days later, news came from Yuanshi Private Equity that the private equity fund had already fully bought into Nvidia.

The most important thing was... the fund was already profitable!

Su Yang briefly reviewed Pei Jiaqi and Zhou Chenghong's investment plan and found that both were quite cautious and had no intention of adding leverage.

Pei Jiaqi mainly invested domestically, and Zhou Chenghong mainly invested abroad... Su Yang let them be!

Yuanshi Private Equity entered the closed period and proceeded with investment according to the plan, which could be considered as being on the right track.

In the short term, Su Yang couldn't help them either.

Private equity is all about performance!

Whoever helps clients make more money can attract more capital and earn more returns.

Bragging is useless!

And in the short term, it would be difficult for Yuanshi Private Equity to raise more funds!

Perhaps after the six-month closed period, if Su Yang still had spare money, he could consider continuing to invest!

After relaxing a bit, Su Yang called He Zhiheng to his office.

"Boss!"

After entering the office, He Zhiheng respectfully greeted Su Yang.

"Sit!" Su Yang smiled and pointed to the sofa opposite, "Secretary Yu, pour a cup of tea!"

"Okay, Boss!"

Su Yang looked his cousin up and down.

He felt that he hadn't seen his cousin for a while, and he seemed to have become more handsome!

And a bit... triumphant!

His taste in clothes had improved; it probably wasn't something he picked out himself...

"Thank you!"

Seeing Yu Chengjun serving him tea, He Zhiheng quickly stood up to thank her.

He didn't dare to look at Yu Chengjun; this person was a bit too beautiful... He was afraid of being rude!

Yu Chengjun also curiously looked at He Zhiheng; she didn't feel that there was anything special about him.

She didn't have much of an impression of He Zhiheng... His presence in the head office was very weak!

However, she vaguely heard that he had offended Ji Guoxiong at Jiuxiang Catering...

That was actually quite impressive, after all, even the two directors at the head office had to give Ji Guoxiong some face!

After Yu Chengjun left, seeing that Su Yang didn't speak, He Zhiheng became a little impatient: "Boss, is there anything you need me for?"

"Is the wedding preparation ready?"

He Zhiheng couldn't hold it in; he glanced at the office door and whispered: "I've been preparing recently!"

"Do you want me to let you go back directly?"

He Zhiheng hesitated: "Better not!"

Su Yang smiled: "Don't be afraid, the company can run without you!"

Some honest employees have a sense of shame about taking leave!

Just like when he was a child, even if he was sick, he had to insist on going to school.

"Should I bring the whistleblower phone with me?"

"Whatever you want!"

"Then can I take leave on the 25th?"

"It's no problem to take leave now!"

"Forget it then!"

"As long as you're happy!" Su Yang waved his hand, too lazy to persuade him further, "When are you renovating your new house?"

"Planning to renovate next year..."

"No money?"

Su Yang knew the situation of He Zhiheng's family. Recently, to hold the wedding, He Zhiheng's mother had even gone to borrow money!

However, because the wedding was being held in their hometown, they should be able to recover the costs!

The gift money from so many years would definitely have to be collected back.

He Zhiheng smiled embarrassedly: "I'll have money next year!"

"I'll lend you 500,000; you start renovating now!" Su Yang whispered, "Try to move into the new house with your wife sooner!"

He Zhiheng hesitated for a moment and didn't refuse: "Thank you, Cousin!"

He would definitely be able to pay back the money borrowed from his cousin, unless his cousin fired him!

"When we go back for the New Year, you have to help me. You know what the relatives and elders are like..."

Speaking of this, Su Yang was at a loss for words.

Every year when visiting relatives, he would be nagged to death!

The moment his cousin got married, he was put right on the spot...

He Zhiheng smiled and said: "That's definitely no problem!"

"Okay!" Su Yang nodded, "Don't bother outsiders with the house renovation; it's easy to get ripped off. You go find the Engineering Department of Jiuxiang Catering. I remember some of them have done home renovation and have connections with renovation companies... Do you know anyone in the Engineering Department?"

"Cough cough!" He Zhiheng smiled embarrassedly, "The relationship... um, is quite average!"

Su Yang realized and thought for a moment before whispering: "Then you go find Manager Chen in the Finance Department of Jiuxiang Catering and say it's my idea. Let Manager Chen take you to find the Engineering Department for help; they will give you face!"

"Okay!"

After He Zhiheng left, Yu Chengjun asked curiously while tidying up the teacups: "Boss, did someone make a mistake again?"

"Business secret, ask less if you have nothing to do!"

"Hmph! Forget it if you won't tell me!"

Su Yang looked at Yu Chengjun: "Do you really want to know?"

Yu Chengjun stopped: "Are you willing to tell me?"

"Of course!" Su Yang beckoned to Yu Chengjun, "Come here!"

Yu Chengjun glanced at the office door and, driven by curiosity, moved to Su Yang's side.

Seeing Su Yang shape his hand into a small trumpet, she bowed her head and leaned her ear over.

Su Yang saw her cute, pink little ear hidden under her hair and bit it directly!

Then, Yu Chengjun felt an itch in her ear, followed by a strange, painful, sour, and itchy feeling!

"Ah~ it hurts!" She cried out softly, resting her hands on the desk, "Boss, don't bite me!"